U.S. mortgage debt rises to $8.8 trillion

by
Feb 13, 2018
The housing market is turning around.
Protesters work on a prop in Freedom Plaza as they prepare for a rally against big banks and home foreclosures in Washington, DC, May 20, 2013. 
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Protesters rally against foreclosures on Puerto Rican families affected by Hurricane Maria, outside the offices of TPG Capital, Dec. 20, 2017 in New York City. The activists claims that TPG Capital's mortgage service companies are aggressively foreclosing on families in Puerto Rico after many people were displaced from their homes following Hurricane Maria.
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Homeowners might have to start paying taxes on forgiven debt again

Oct 13, 2017
If the Mortgage Forgiveness Debt Relief Act isn't extended, homeowners with forgiven debt will have to pay taxes on that debt.
The Internal Revenue Service building in Washington DC.
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Mortgage lenders lower barriers for those with student debt

Sep 19, 2017
New rules can help those with high student debt still qualify for a mortgage.
Mark and Kristen Griffin outside the home they rent in Conway, Arkansas.
Sarah Whites-Koditschek/ for Marketplace

Americans are borrowing more, creating record debt

May 18, 2017
The New York Federal Reserve says Americans are borrowing again — everything from student loans to auto loans to mortgages. According to the New York Fed, household debt has reached a record high, even higher than the previous peak, during…

Home equity helping people build household wealth

Nov 24, 2016
Remember the housing crisis? Well, for many American homeowners, it’s now squarely in the rear-view mirror. A report from RealtyTrac finds that the percentage of homeowners who are underwater — meaning they owe more on their mortgage than their home…
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Home building’s up, but mortgage costs could go up too

Nov 17, 2016
Today's housing start numbers are a sign there's demand in a market that's still feeling the financial crisis and the housing bust.
 

 
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Equifax's new credit program will take a deeper look at your payment history

Oct 4, 2016
Equifax CEO Richard Smith shares how the new method will work.
Equifax and Fannie Mae worked together on the new credit score program.
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Jumbo mortgages bigger piece of the housing pie

Aug 10, 2016
Jumbo mortgages constitute a growing share of mortgage lending by big banks, which may disadvantage people of color in the housing market.
A bicyclist rides by a row of homes in San Francisco, California.
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